October 12, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed in positive at 10096
- AD was 2:1 while VIX dropped 6%
- swing low support at 9700 (double bottom)
- above 10200 expect a move of 400-500 points





5 min charts
- there were 3 long signals today
- I took the first one and got stopped out
- did not take the second signal in expectation of rangebound market
- took the 3rd one solely because of size of breakout bar
- covered around 3 pm

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